3 reasons why you need international stocks in your portfolio | personal financing

(Steven Walters) Investment is not and should not be limited to the United States. Their activity is limited to US companies only. As an investor, you want to give yourself the best chance of getting a good return on your investment, and you can push yourself towards that by looking outside the US Here are … Read more

Do you want a maximum Social Security benefit of $4,194? This is the salary you need | Smart Change: Personal Finance

(Selina Marangian) If you plan to rely mostly on Social Security in retirement, you may want to rethink your plan. The average monthly retirement benefit recently was just $1,666 — or about $20,000 year-over-year — and it probably isn’t the kind of income you imagined for yourself. (Note also that it is average, which means … Read more

Do you want a maximum Social Security benefit of $4,194? This is the salary you need | Smart Change: Personal Finance

(Selina Marangian) If you plan to rely mostly on Social Security in retirement, you may want to rethink your plan. The average monthly retirement benefit recently was just $1,666 — or about $20,000 year-over-year — and it probably isn’t the kind of income you imagined for yourself. (Note also that it is average, which means … Read more

Inflation makes everyone spend more, but it may be the engine to save our money — and our planet

Inflation worries many Americans — a jump in the price of groceries and gas means paying more for fewer items, and potentially restricting any savings in the future. But it could also be an opportunity to rethink daily spending, and perhaps even help the environment. There is a link between consumer spending and climate change. … Read more

Americans Underestimate These Major Retirement Expenditures | personal financing

(Morri Bachmann) Many people retire on the assumption that their cost of living will magically decrease. It may happen to some extent. If you can make your home payments before retirement, you may not have a mortgage to deal with by the time your job in the workforce is over. Likewise, if you’re not commuting … Read more

The ridiculous way you could end up losing Social Security | Smart Change: Personal Finance

(Morri Bachmann) Social Security is an important source of income for many seniors. And chances are, you’ll end up relying on the benefits you get once your time in the workforce is over. That’s why you might be motivated to get the highest possible monthly interest. And there are steps you can take to achieve … Read more

Retirees ready to see biggest Social Security change in 41 years | Smart Change: Personal Finance

(Christy Pepper) In 2023, Social Security retirees are likely to experience something they haven’t seen in 41 years. The COLA they are on track to receive will result in the largest benefit increase in more than four decades. This change seems positive to older Americans, but in fact this is not the case at all. … Read more

Dealing with death? There is an app for that | personal financing

Liz Weston, CFP® Before the pandemic, entrepreneurs Liz Eddy and Alyssa Ruderman had trouble convincing venture capitalists to invest in their Lantern end-of-life planning app. Potential business partners were also skeptical. “We’ve been hearing, ‘Oh, this is really a niche issue,’ which I think is very funny,” says Eddy. “Death is literally the only thing … Read more

Stay Invested During Ups And Downs To Reap Profits | personal financing

(Alexander Gutierrez) A friend texted me a couple of weeks ago after another week of declines in the US markets. Anxiety and fear of recession escalated, and he wanted to know how to deal with fluctuations. “What should I do?” I sent a text message. Soon we were talking about the importance stay invested (If … Read more

Social Security: This is the income you need to earn the maximum benefit | Smart Change: Personal Finance

(Katie Brockman) There are many factors that go into calculating the amount of Social Security benefits, but your income throughout your career is probably the most important. Your earnings will determine the amount of the basic benefit, or the amount you will receive if you apply for Social Security on full retirement age (FRA). The … Read more